CNTN · NASDAQ · Biotechnology

Canton Strategic (CNTN)

Builds a Canton Coin treasury while operating within the Canton Network ecosystem.

$2.16
Pre-market+0.09 (+4.35%)
At close$2.07(−9.21%)
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Canton Strategic Holdings IncCNTNHealth Care

Builds a digital-asset treasury around Canton Coin while supporting the Canton Network through operations and ecosystem participation. It also retains clinical-stage programs GV104 and GV023, joining a token-focused strategy with legacy biotech development.

Runs a digital-asset treasury strategy centered on acquiring, holding, and deploying Canton Coin. It supports the Canton Network through validator operations, application support, and ecosystem participation. Its stated operating approach applies institutional-finance experience to blockchain and tokenization.

The issuer retains clinical-stage biotechnology work, including GV104 for temporary prophylaxis of respiratory and nervous-system depression and GV023, an oral infliximab program.

The shift after a November 2025 private placement made Canton Coin the strategic priority while leaving biotech assets in development. Token holdings, network operations, and clinical development together form the business structure.

Company facts

CEOMark Wendland
ListedJan 12, 2022
ExchangeNASDAQ
HeadquartersRed Bank, NJ
CountryUnited States
Employees12
CIK0001861657
ISINUS4327053090

Market cap$160.4M
EPS (ttm)−$1.57
P/E (ttm)−1.32
ROE-29.5%
P/B0.9916
P/S107.24
Dividend yieldDiv yield
Beta1.82vs XLV 0.61

No analyst consensus on record.

Next report
Dec 2, 2026
estimated · in 90 days
EPS estimate
−$86.25
Revenue estimate
$1.5M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Dec '26
Reported−$2.02−$0.99−$0.64−$0.34−$2.02−$0.17$0.01Pending
Estimate−$1.53−$0.84−$0.58−$0.43−$0.42−$86.25
Surprise−32.0%−17.9%−10.3%+20.9%−381.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Dec '26
Reported$1.5MPending
Estimate$1.5M
Surprise
Estimate−$86.25
ReportedDue Dec 2, 2026
Estimate$1.5M
ReportedDue Dec 2, 2026
View details

Debt to equity0.00%
Current ratio1,569.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$1.5M
Net income−$3.8M−$3.8M−$2.5M−$1.9M−$2.1M−$29.4M−$47.3M−$19.3M
Net margin0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.9M−$3.8M−$2.5M−$1.9M−$2.1M−$13.6M−$36.9M−$1.2M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $37.2M · Total debt $0 · Total assets $564.6M · Shareholders' equity $454.9M

Revenue
$1.5M
Operating income
−$1.2M
Net income
−$19.3M
View details

No dividends on record.

Institutions41 holders · as of Mar 31, 202614.90%11.87M shares
Insiders6 holders · as of May 27, 20261.20%957.1K shares
Strategic holders1 holder · as of Jun 23, 20250.92%732.4K shares
Otherremainder82.98%66.12M shares

79.68M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Ark Investment Management LLCInstitution
4.64%3.70M13Fas of Mar 31, 2026
Valor Management LLCInstitution
1.36%1.08M13Fas of Mar 31, 2026
BlackRock, Inc.Institution
0.96%765,82913Fas of Mar 31, 2026
Gravitas Capital LPStrategicdirector, 10 percent owner, officer: Executive Chairman
0.92%732,424Form 4filed Jun 23, 2025
Vincent S. LoPrioreInsiderdirector, 10 percent owner, officer: Executive Chairman
0.92%732,424Form 4filed Aug 20, 2025
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 26, 2026Gary S. Stetzdirector−12,500$3.47
May 22, 2026Gary S. Stetzdirector−62,851$3.42
View details

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